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Property profile & analytics
FOR LEASE
Office buildings
94500 Overseas Hwy Key Largo, FL 33037
Entity Owned
Free & Clear
Property ID
US18-3533529
For Lease
1 / 39
$10,900/Mo
94500 Overseas Hwy, Key Largo, FL 33037
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
3,595 SF
Lot
0.57 ac (24,750 SF)
APN
00491650-000000
UPID
US18-3533529
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vacation Travel Club Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$1.00M
Owner & transaction history
207swes256 LLC
207swes256 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Key Largo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Key Largo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,110,000
7%
$1,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,570,000
Current use
COMMERCIAL (GENERAL)
$1,440,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$278 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,222
Tax year 2023
Assessed value
$1,409,244
Assessed 2023
Previous assessed
$1,409,244
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,007,325
Assessed improvement
$401,919
Land market value
$1,007,325
Improvement market value
$401,919
Total market value
$1,409,244
Applied tax rate
500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2005
Heating
NONE
Cooling
YES
Stories
2
Total area
3,595 SF
Lot
0.57 ac (24,750 SF)
APN
00491650-000000
UPID
US18-3533529
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.57 ac
Current owner
From public records · entity-resolved
207swes256 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
94500 OVERSEAS HWY, KEY LARGO, FL 33037-2034
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
$2,130,000
207swes256 LLC
Tiff LLC
Warranty Deed
—
Jan 10, 2019
$100
Tdgroup Holdings I LLC
Lopez-castro,maria
Quit Claim Deed
related
—
Mar 13, 2009
$800,000
Tiff LLC
Dove Creek Office LLC
Warranty Deed
—
Oct 16, 2008
—
Dove Creek Office LLC
Jdi Tavasota LLC
Quit Claim Deed
related
—
Apr 29, 2008
$1,000,000
Jdi Tavasota LLC
Dc 705 Gs LLC Coc
Trustees Deed
—
Feb 3, 2006
$1,500,000
Dc717 LLC
Dove Creek Lodge LLC
Warranty Deed
—
Jul 20, 2000
$160,000
Bicentennial Post 333 INC
Welborn,ida M
Grant Deed
$256,000 · First State Bank Florida Keys
Sep 25, 1989
—
James H Welborn
Hill,fay G
Warranty Deed
related
$19,500
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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